
HSBC Not Required to Monitor Bounce Back Loan Spending, Ombudsman Dismisses Complaint

Lukhar Dadar Singh Dhalu, director of Concept A Trading Ltd, faces a 10-year ban after fraudulently obtaining two Bounce Back Loans from Lloyds Bank and HSBC for a non-trading company. […]
HSBC repeatedly misled a customer about his Bounce Back Loan application progress, which was ultimately denied. The Ombudsman upheld the complaint, awarding £750 compensation. […]
HSBC seized £18k and demanded repayment of a £50k Bounce Back Loan without reason. The Ombudsman dismissed the complaint, citing the bank’s contractual rights. […]
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